Bernie Sanders: “We are going to impose a 5% annual tax on the 938…”

“And that is why I proposed introduce legislation which Graham will be by my side in fighting for, Which says that We are going to impose a 5% annual tax on the 938 billionaires in America. Now I want to take a moment, allow me to take a moment just to give you an example, one example of what the massive level of income and wealth inequality in America is about.” (31:26–31:34)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.